GOLD WEEKLY TRADE ANALYSIS!! Gold Trade by Price Action - 0 GOLD COULD GO HIGHER TO THE LABEL 3950.00 OR MORE to 4000.00 !! Gold, fundamentally getting high demand this year. Because Various central banks have been increasing their reserves of gold in the world. This is the main factor in the price hike of gold. Without this, the US dollar's weakness and negative perception boost the gold price. Recently US Central Bank has cut down its interest rate, that give fuel to sky high the gold also. Gold technically, as per the weekly chart, started the bullish long-term trend in the year of 2016, then the gold price was 1380.00. We are seeing that bull run is fully Intact after 9 years! Gold, as per the daily chart, is a bullish reversal
WEEKLY ANALYSIS AND FORECAST OF GOLD AND USDCHF(21 TO 25 JULY)!! Forex Analysis by Price Action - 0 GOLD-- RANGE TRADING GOING ON AND PRICE COULD BE GONE RANGE HIGH THIS WEEK! Gold, as per the daily and 4-hour charts, is trading within a range. Gold has been trading within this range about last three months. No, the gold price is staying up on the range slope or support label. This support label becomes very strong by various false breaks one after another. Last Thursday, in the daily chart, a bullish pin bar was created, which is giving the rejection of the gold range support label again. And we guess buyers are entering this label, and the market could go as high as the label 3400.00 or more !! USD CHF--DOWN TREND INTACT AND COULD BE GONE MORE FALL DOWN!! USD